Osisko gold royalties (TSE:OR) had its target price raised by Canaccord Genuity from C$18.00 to C$18.50 in a research report sent to investors on Friday morning, BayStreet.CA reports.
A number of other brokerages have also recently commented on OR. Desjardins cut Canadian Pacific Railway from a buy rating to a hold rating in a report on Friday, April 12th. TD Securities dropped their target price on Quebecor from C$38.00 to C$37.00 and set a buy rating for the company in a report on Friday, July 12th. Raymond James set a $60.00 price objective on Banner and gave the company a buy rating in a report on Friday, May 3rd. National Bank Financial boosted their price objective on Wesdome Gold Mines from C$6.00 to C$6.25 and gave the company an outperform rating in a report on Friday, July 12th. Finally, CIBC restated a hold rating on shares of Sandstorm Gold in a report on Monday, July 15th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of C$16.75.
Shares of Osisko gold royalties stock opened at C$15.28 on Friday. The stock has a market cap of $2.16 billion and a PE ratio of -17.73. The company has a current ratio of 5.84, a quick ratio of 5.80 and a debt-to-equity ratio of 19.34. The business has a 50 day moving average of C$14.08. Osisko gold royalties has a one year low of C$9.27 and a one year high of C$16.08.
Osisko gold royalties (TSE:OR) last announced its earnings results on Wednesday, May 1st. The company reported C$0.04 EPS for the quarter, hitting the Zacks’ consensus estimate of C$0.04. The company had revenue of C$100.73 million during the quarter, compared to analysts’ expectations of C$121.00 million. Equities analysts expect that Osisko gold royalties will post 0.28 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, June 27th. Osisko gold royalties’s payout ratio is currently -23.20%.
Osisko gold royalties Company Profile
Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and similar interests in Canada and internationally. Its assets include the 5% net smelter return (NSR) royalty on the Canadian Malartic mine; the 2.0% to 3.5% NSR royalty on the Eleonore mine; a 9.6% diamond stream on the Renard diamond mine; a 4% gold and silver stream on the Brucejack gold; a 3% NSR royalty on the Seabee gold operations located in Saskatchewan, Canada; and the 1.38% to 2.55% NSR royalty on the Island Gold mine.
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